Trucking Business News

About Business News...

Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

Government, Business, Technology, Fuel

Tesla Wants to Build Texas-to-California Semi Charging Route

Tesla reportedly is seeking nearly $100 million from the U.S. to build nine electric semi-truck charging stations along a route from the southern border of Texas to northern California.

August 1, 2023
Business, Fuel

BP Profits Are Cut in Half to $2.6 Billion

LONDON — Energy giant BP said Aug. 1 that it earned nearly $2.6 billion in the second quarter, almost half what it posted in the first quarter as oil and natural gas prices have fallen.

August 1, 2023
Government, Business, Technology, Safety

NHTSA Investigates Tesla Steering Control Complaints

The National Highway Traffic Safety Administration is looking into a dozen complaints about loss of steering control or loss of power steering in Tesla 2023 Models 3 and Y electric vehicles.

August 1, 2023
Business, Logistics, For-Hire

Saia Reports Lower Q2 Profit, Revenue

Saia Inc. posted net income of $91.3 million in the second quarter of 2023, compared with $109.2 million in the same period a year earlier, the less-than-truckload carrier said.

July 31, 2023
Business, Fuel

Scorching Heat Curbs Gas Output, Raises Prices

Record-breaking summer heat is forcing fuelmakers to cut back operations, just as dwindling supplies are causing gasoline prices to surge around the world.

July 31, 2023
Business, Technology, Equipment, Fuel

Technology Fuels a New Future for Internal Combustion Engine

Industry leaders have been working to give the basic piston engine an extended life using greener fuels as they allow reduced cost of fuel while at the same time reducing greenhouse gases.

July 31, 2023
Business, Safety

Pre-Trip Master Shamrell Bound for 17th NTDC

NTDC-bound FedEx Freight driver Dan Shamrell from Oregon is among the most accomplished pre-trip experts competing in precision-driving events.

July 31, 2023
Government, Business, Logistics, For-Hire

Georgia Distribution Center to Team NFI, Bradshaw °®¶¹´«Ã½

Georgia officials announced plans to open a new East Coast distribution center in Effingham County to bring  Bradshaw °®¶¹´«Ã½â€™s products to customers faster through a partnership with NFI.

July 31, 2023
Business, Logistics, For-Hire

Old Dominion Freight Line Q2 Profit Falls 22.3% Year-On-Year

Old Dominion Freight Line Inc. profits fell 22.3% year-over-year to $292.4 million in the second quarter of 2023 from $376.1 million in the year-ago period, it said.

July 31, 2023
Business, Logistics, For-Hire

ArcBest Q2 Profit More Than Halves on Weak Demand

ArcBest posted lower earnings and revenue on weaker demand for the second quarter, the Fort Smith, Ark.-based carrier announced July 28. 

July 31, 2023